Today the US produces so much oil that we can’t build the pipelines fast enough to bring the Oil and Gas to market. It costs $20 a barrel to ship Oil out of the Permian by truck, $10 a barrel by train and just $4 a barrel by pipeline.

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#OPEC can very well try to appear unfazed but their influence on the global #oil market has been on a decline for quite some time. What we are seeing now is a perfect example of their waning influence. They've gone through considerable lengths with the current production deals in order to prop up the oil price. The end result is a stabilization around $50 - $60. The rebound in US oil rigs ensures that the oil price will never reach its previous highs. $OIL $UCO$USO